Bitcoin in ‘seasonal slog’ with slim chance of short-term price catalysts: NYDIG – Cointelegraph
Bitcoin investors should prepare for a “seasonal struggle” in September, according to Bitcoin financial services platform NYDIG, as the month has historically seen the lowest average returns. “Unfortunately, near-term catalysts for Bitcoin are scarce at present.” Written Greg Cipollaro, head of global research at NYDIG, said in a market update on September 10th: Cipollaro added […]
Bitcoin rebounds from its worst week in more than a year, jumping above $57,000 – CNBC
Bitcoin The stock surged overnight Monday, hitting more than $57,000, as Wall Street recovered from its worst week of the year. The flagship cryptocurrency's price rose 5.6% last week to $57,4449.00, according to Coin Metrics. Bitcoin fell 9% last week, marking its worst weekly performance since August 2023. Stock chart iconStock chart icon Bitcoin performance […]
Bitcoin ETFs record combined $1.2B in outflows in 8 days – Cointelegraph
Eleven U.S.-based bitcoin exchange-traded funds (ETFs) saw a combined net outflow of $1.2 billion over an eight-day period. September 9, Bloomberg data Showed Investors withdrew roughly $1.2 billion from 11 listed physical Bitcoin (BTC) ETFs between Aug. 30 and Sept. 6, the longest streak of outflows since their inception on Jan. 10. The U.S.-based Bitcoin […]
Weekly ETF Recap: Bitcoin Sees Longest Negative Streak, Ethereum Demand Missing – CryptoPotato
The negative trend in spot Bitcoin ETF inflows continued last week, the longest stretch since these products were approved in mid-January. At the same time, its Ethereum counterpart is still seeing very little activity, with an apparent lack of investor demand and interest. Bitcoin ETF negative trend CryptoPotato Over the weekend, the company announced it […]
Bitcoin: Top reasons why BTC’s ‘bull cycle’ is far from over – AMBCrypto News
Bitcoin price movements have shown low order book depth. Market indicators show an upward trend. Recently, Bitcoin [BTC] Like other cryptocurrencies, it experienced a significant drop after the market crash on August 5th. Bitcoin briefly recovered and rose to $60,000, but faced strong resistance and quickly fell back to $54,000. On the hourly chart, BTC […]
‘There Is No Demand Growth’: CryptoQuant Analyst Outlines Factors Behind Bitcoin (BTC) Slump – The Daily Hodl
A lack of demand growth is keeping Bitcoin (BTC) prices depressed, according to head of research at digital asset analytics firm CryptoQuant. Julio Moreno Notes Social media platform X said demand for BTC has decreased and that “essentially all valuation metrics are in bearish territory.” Source: Julio Moreno/X Moreno noted that a key price level […]
Bitcoin traders brace for sub $52K BTC price as crypto and macroeconomic headwinds intensify – Cointelegraph
Bitcoin (BTC) prices are trading 10% above the eight-month low of $49,577 hit on Aug. 5, as traders worry that the cryptocurrency may hit new lows below $52,000 before reversing. BTC/USD daily chart. Source: Trading View On September 6, Bitcoin extended its correction, falling more than 5.9% from a record high of 56,984 to hit […]
Bitcoin Prices Plunge Below $53,000 As Multiple Factors Fuel Losses – Forbes
Bitcoin price approached $52,000 early today (Photo: Chesnot/Getty Images) Getty Images Bitcoin prices fell sharply today, dropping nearly 8% in less than 24 hours as the market reacted to several bearish factors, including lackluster employment data. The world's most famous digital currency fell to a low of $52,530 around 5pm ET. Coinbase Data Offered by […]
Bitcoin Hits Lowest Price in a Month Following Weak US Jobs Report – Decrypt
Bitcoin Price Bitcoin plummeted to below $54,000 per coin on Friday after the U.S. jobs report showed payroll numbers were weaker than expected. Bitcoin, the largest digital asset by market cap, is currently trading at $53,829, its lowest price since Aug. 5, according to CoinGecko. It has fallen about 5% in the past 24 hours […]
US dollar’s weakness could drag down price of Bitcoin: report
Economists expect the US Dollar to continue to weaken, potentially dragging Bitcoin down with it, and have warned investors to “prepare for troubled times.” Bitcoin has surged this year, starting the year at $44,187.14 and trading at $59,130.31 on Tuesday, but the cryptocurrency's price began to fall in late August and has continued to fall […]